Beacon Flats
215 E Long St, Columbus, OH 43215
Operating snapshot (as reported, before your assumptions)
Model this deal
Adjust financing and growth assumptions below. Changes affect only your analysis — the underlying listing is never modified.
Assumptions
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Cash invested & reserves
Closing costs, upfront improvements, and initial reserves are added to total cash invested (they raise the cash-on-cash denominator). The annual capex reserve reduces cash flow but not NOI or cap rate — a common convention is $250–$300 per unit per year (≈ $13,200/yr here). It defaults to $0.
Model improvements (value-add)
Renovation rent premium, operational uplift, and general market-rent growth are counted separately — never combined. A large current-to-proposed rent gap is an assumption to confirm, not proof.
Downside scenario
A scenario, not a forecast.
5-year projection
Cash flow is after debt service and the annual capex reserve. Debt service is held at the current payment; the loan balloon is due in year 10.
| Year | NOI | Cash Flow |
|---|---|---|
| Year 1 | $369,920 | $127,813 |
| Year 2 | $385,367 | $143,260 |
| Year 3 | $401,418 | $159,310 |
| Year 4 | $418,094 | $175,986 |
| Year 5 | $435,419 | $193,312 |
What the numbers say
An assessment of how this deal reads under the assumptions above — not an endorsement, recommendation, or suitability determination.
Works as a current-income deal — positive cash flow with comfortable debt coverage (DSCR 1.53, 9.3% cash-on-cash) under the assumptions shown.
- • Annual cash flow after reserves: $127,813.
Not yet modeled. Open “Model improvements” and add renovation scope, costs, and target rents to assess the upside.